Petropavlovsk Share Discussion Threads

[undervaluedassets] 08/11/2017 07:40

Yup....this is a big deal for POG

[haughtonhoney] 08/11/2017 07:19

A sensible RNS

[stoopid] 02/11/2017 15:49

Ta for the note, appreciated....

[undervaluedassets] 31/10/2017 08:04

Prompted by the proposed new bonds there are new rating notes (dated 24/10) from Fitch and S&PGR.

(NB: the bonds are about raising cash to refinance existing secured bank debt not financing new ventures/capex etc as has been speculated on this board)

These notes are well worth tracking down and reading in full (they are long) as they give unbiased up to date assessments of the entire POG business and it's prospects going forwards.

Clearly risks remain but on balance both agencies give a relatively benign/positive view.

Fitch gives a B- view and S&P B- with poss upgrade to B.

Anyway if you want a non speculative, non partial, in depth assessment of POG as it exists today read the Fitch and S&PGR notes in full.

[wigwammer] 29/10/2017 08:50

This is going to multiply over the next few years, as the debt is paid down and the equity is valued more sensibly against the ounces produced.The sector is out of favour - but am sure that will change.

[undervaluedassets] 26/10/2017 10:32

duplicate post ..

[undervaluedassets] 26/10/2017 10:29

Going to produce 130 million in cash flows this year on a market cap of 270 million.
That is nearly a 50% cashflow yield.

I would say that is news ....and... that that news is yet to be reflected in the price.

These things take time to sink in .

[stoopid] 26/10/2017 10:16

Wally, huge news? Possibly a return to paying a divi? Would that be enough? Because that's the only really big news to come/surprise in the near future?They upper resistance point is about 9p yes??

[wallywoo] 26/10/2017 10:01

Having watched and played this share several times over the last few years. It has some strange behaviour IMO:

1) Don't buy or go short with a tight stop loss, the bid and offer price, change hugely through out the day (sometimes with 10% spread). - this will stop you out

2) the resistance points both upper and lower are significant hurdles. I have no doubt it will break upwards at some point BUT it needs huge news in order to do so

It is still a great play on the gold price mind. Though the manipulation with that is something to behold too!

[loganair] 26/10/2017 09:45

Swapping Russian debt for US dollar denominated bonds only makes sense if the Rouble continues to strengthen against the dollar which the Russian Central bank is determined to see not happen.

It doesn't make much sense as most gold mined in Russia is purchased by the Russian Central bank in Roubles for its own reserves and also the Central Bank rates in Russia are coming down, where as in the USA are going up.

[undervaluedassets] 26/10/2017 09:35

panicky people on this board...

It is volatile isn't it.. twas ever thus ..

The difference now is this is producing substantial cashflows.

[leodi5] 26/10/2017 09:29

yep, accumulating on pullbacks, which is ok as long as its now in an uptrend!

[undervaluedassets] 26/10/2017 09:23

Noise.

Swapping Russian debt for US dollar denominated debt seems an extremely sensible thing to do.

[sparky333] 26/10/2017 09:06

Nasty little drop this morning.

[wallywoo] 26/10/2017 08:17

Depends seppsuess. Swapping russian bank debt for US bonds makes sense (Russian banks act on the whim of the government, so it they wanted to foreclose, for political reasons, ie 2 years ago then POG are stuffed). However, if POG don't generate enough cash to repay the bonds in 5 years then POG are stuffed.

Would also make sense to refinance the covertible bonds ($100M) for better terms bonds. Lets wait and see the rates and take up. For me though I think they will:

1) Announce very bullish predictions for 2018

2) on the back issue bonds for bank debt / old bonds at favourable rates

Time will tell

[seppsuess] 26/10/2017 07:31

Oct. 26 Petropavlovsk is going to start a road show of Eurobonds in the USD terms, the company informed.
good or bad?

[undervaluedassets] 25/10/2017 11:48

For me enough that this is at last producing gold profitably.

[stoopid] 25/10/2017 10:20

If they restart a divi here this will fly through that current 9p glass ceiling. And the higher it climbs and as production rises back to 500k/600k Oz and profits climb the more notice people will take...2018 is still hopeful for a divi, i was assuming 2019 but would be nice sooner rather than later.....Is there a light at the end of the tunnel??

[srpactive] 24/10/2017 15:09

Good rns, nice to see the US houses getting involved
in Russian miners, bodes very well for pog and hgm, dyor.

[hectorp] 23/10/2017 12:23

POG certainly is not a demanding share any more, after three or four years I'm starting to become interested here.
I'm also one who is returning to silver miners. My strategy is based on a stable or, higher gold price over the coming year. We are heading into inflation,at the same time as QE has been stopped.
I'd be interested in any views of where POG share pric
e might get to on the next return to gold at $1350, for a starter. This is all just when POG does genuinely seem to have turned the corner.
I'll open a long position in POG in coming days.
H